Starting a company as an Independent owner-operator can be difficult. The industry has a number of complex requirements that owners need to comply with at all times. One of the more confusing and expensive issues they deal with is insurance. This article provides a simple explanation of the industry and its products. It prepares you […]
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Factoring Cost vs. Rates (They are Different)
Summary: To a large extent, business owners think that factoring rates, factoring fees, and the factoring cost of a dollar are all the same. Although they are related, there are important differences. Actually, low factoring rates may translate to lower fees, but may not necessarily translate to lower costs per advanced dollar. This article helps […]
Factoring and Term Loans: A PO Financing Alternative
One of the greatest challenges for a small business is being able to fulfill large purchase orders. Small companies often lack the funds to pay suppliers and other expenses associated with large orders. Most companies try to use financing – when it is available – to solve this problem. One common option is purchase order […]
Why Do Companies Use Factoring?
Factoring is a product that helps companies that have slow-paying clients. These companies usually can’t wait 30 to 60 days to get paid by clients. Factoring solves this problem by financing their invoices. It provides businesses with cash that they can use to run the business. Companies often use the funds from factoring to: Pay […]
Business Loan vs. Invoice Factoring – Which is Better?
In this article, we compare invoice factoring and conventional business loans. We discuss: What is a term loan? What is invoice factoring? What do you want to accomplish? Product comparison (7 criteria) Things to keep in mind Which product is right for you? 1. What is a term loan? A term loan (i.e., small business […]
Business Cash Advance vs. Invoice Factoring – Which is Better?
As a business owner, you want to use the right financing tool to solve your problems. This article helps you do that. We compare two common business financing tools: business cash advances and invoice factoring. This article helps you determine if either solution is right for you. In this article, you learn: What a cash […]
How to Get Clients for Your Office Cleaning Business (8 Ways)
Summary: Growing a small janitorial business in a competitive environment is challenging. Finding and retaining commercial and office clients who can provide long-term cleaning contracts is essential to your company’s success. This article discusses eight time-tested ways to find clients. It is intended for new and growing commercial cleaning companies. We cover the following: Who […]
How to Get Clients for Your Nurse Staffing Agency (6 Ways)
Finding and retaining the right clients is one of the greatest challenges of running a new temporary nursing staffing agency. The marketplace for temporary nursing services is very competitive. This article discusses proven ways to help you find clients. It’s intended for new and growing nursing staffing agencies. We cover the following: Who is your […]
How to Find Clients for a Security Guard Agency (8 Ways)
Summary: One of the key skills you need to build a security guard company is knowing how to find clients. This market is highly competitive, and guard services are always in demand. You must know how to reach clients effectively to succeed in this industry. This article discusses nine ways to find clients for your […]
Financing Electric Utility Restoration Contractors with Factoring
Summary: Many electric utility restoration contractors and brokers face cash flow problems during busy storm seasons. They face increasing payroll costs to cover their ground crews. Invoice factoring can be an effective solution that provides funding to cover payroll and other operating expenses. This article discusses how factoring works, its advantages, and important differences that […]